If you’ve got a traditional IRA, rolling it over into a Roth IRA can make a lot of sense.
That’s because you can grow your earnings completely tax free.
What’s that? You’re worried about getting slammed with a huge tax bill when you make the switch?
Relax. We’ve got three surefire strategies you can use to slash your tax bill and, in some cases, eliminate taxes completely.
You’ll get all the details when you read my new article titled Tax Tips: Use These Strategies to Avoid Getting Slammed with Taxes When You Roll Over a Traditional IRA to a Roth.
Three ways our fact-filled article can help you:
- We’ll explain the “gradual conversion” method. One great way to cut your tax bill is to gradually convert a portion of your traditional IRA funds over several years. This approach gives you complete control over your tax bill as you’ll discover when you read the full article.
- You’ll learn how to use the “charitable contribution” method. Here’s good news if you’re charitably inclined. You can completely wipe out the taxes you owe from the rollover to a Roth IRA, just by giving money to charity. You’ll get the whole story when you read the full article.
- We’ll tell you how to put Section 179 of the tax code to work for you. If lawmakers extend the provisions of Section 179, go ahead and buy a new vehicle or equipment for your business. With that big Section 179 expense, you can completely erase the taxes you would owe from the rollover. You’ll get all the facts when you read the full article.